Idea's key operating metrics remain weak; merger with Vodafone soon
Posted on 1st August 2018 |
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Even though Idea Cellular has surprisingly reported a net profit of Rs 2.57 billion for the June quarter due to a one-time gain from the sale of its tower assets, key performance metrics of the company remain weak. The Aditya Birla Group company, which will soon be merged with Vodafone India, has seen deterioration in revenues, operating profit, margins and average revenue per user (ARPU). |
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Idea Cellular Q1 total income at Rs 263 cr
Posted on 31st July 2018 |
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In its last financial result before merger with Vodafone India, Aditya Birla Group firm Idea Cellular today reported total comprehensive income of Rs 263.6 crore in the June quarter, mainly on account of one time gain from sale of mobile towers. Blows from turbulent tariff war was, however, visible on its operational performance. |
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Vodafone-Idea merger: Behind the scenes report on corporate & legal intricacies
Posted on 31st July 2018 |
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The swift way in which the Idea-Vodafone merger is progressing under a year shows the improvement in ease of doing business in India.” That was Vittorio Colao at the World Economic Forum (WEF) governors’ meeting in Davos earlier this year. Though a vocal critic of the labyrinthian regulations and bureaucracy of the world’s largest democracy |
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Idea offers free 4g data, 300 minutes of voice calls and more in Rs 75
Posted on 27th July 2018 |
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To take the better of neck and neck competition in the telecom sector, Idea Cellular has launched a new offer for its prepaid customers. Idea Cellular is offering 300 minutes of free voice calls, 1GB of free 4g data in just Rs 75. Besides, users will also get up to 100 SMS messages per day. The plan will be valid for 28 days. |
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Vodafone-Idea merger: Government gives final nod for the deal, to create India’s largest telecom operator
Posted on 26th July 2018 |
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The government today gave final approval to the mega merger of Vodafone and Idea Cellular which will create the country’s largest mobile operator with 35 percent market share with around 430 million subscribers. The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore ‘under protest’ to the Department of Telecom (DoT) for merging their mobile business. |
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Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger
Posted on 24th July 2018 |
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Inching closer to the formation of country’s biggest telecom operator, Idea Cellular and Vodafone have made joint payment of Rs 7,248.78 crore under protest to the Department of Telecom for merging their mobile business. “Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. Rs 3,926.34 crore have been paid in cash and bank guarantee of Rs 3,322.44 crore have been furnished,” an Idea Cellular official confirmed the development. |
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DoT rejects Vodafone, Idea requests on dues
Posted on 18th July 2018 |
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The Department of Telecommunications (DoT) has rejected Vodafone India and Idea Cellular’s requests to recalculate their dues, saying its numbers are fine and that India’s second- and third-ranked telcos should pay up to get a final seal of approval on their merger at the earliest. |
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DoT gives a conditional nod to Vodafone-Idea Cellular merger
Posted on 10th July 2018 |
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Vodafone Idea is on its way to becoming the largest telecom operator in India as the Department of Telecommunications (DoT) on Monday gave a conditional nod to the merger between the second- and the third- largest telcos in the country. UK-headquartered telecom major Vodafone and Kumar Mangalam Birla-controlled Idea Cellular cannot operate as one company till they pay more than Rs 72 billion to the government as one-time spectrum charges. |
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DoT seeks legal opinion from ASG on Vodafone-Idea Cellular merger
Posted on 7th July 2018 |
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The Department of Telecommunications (DoT) will seek further clarification from the additional solicitor general (ASG) regarding the Vodafone-Idea merger. On being asked by Communications Minister Manoj Sinha, the DoT had written to the ASG seeking his opinion on whether the merger should be given a go-ahead without claiming the charges regarding spectrum, which were sub-judice. |
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Voda-Idea merger awaits DoT okay
Posted on 4th July 2018 |
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New Delhi: The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared. New Delhi: The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared. |
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